What's in the Offing for International Seaways in Q4 Earnings?

International Seaways INSW is scheduled to release fourth-quarter 2024 earnings on Feb. 27, before market open.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for INSW’s soon-to-be-reported quarter’s earnings has been revised downward by 34% in the past 60 days to 70 cents per share. The consensus mark has declined 67.9% from fourth-quarter 2023 actuals. Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $177.7 million, which indicates a decline of 29.1% from the year-ago actuals.Image Source: Zacks Investment ResearchINSW has an impressive earnings surprise record. Its bottom line surpassed the Zacks Consensus Estimate in three of the last four quarters, missing the mark once. The average beat is 8.2%.International Seaways  Price and EPS Surprise International Seaways Inc. price-eps-surprise | International Seaways Inc. QuoteAgainst this backdrop, let us check out the factors that are expected to have influenced INSW’s December-quarter performance.We expect INSW’s results to reflect the bearishness surrounding the tanker market, as tanker rates have not been at healthy levels. The slowdown in global economic growth has hurt shipping rates. An oversupply of vessels and subdued demand has hit tanker rates.Shipping revenues are likely to have declined in the December quarter due to weakness in both Crude Tankers and Product Carriers segments. However, the diverse fleet maintained by International Seaways, which focuses on diversification across market segments, might boost results. Efforts to control costs are also expected to have aided INSW’s bottom-line performance in the to-be-reported quarter.Earnings Whisper for INSWOur proven model predicts an earnings beat for International Seaways this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here.Earnings ESP of INSW: International Seaways has an Earnings ESP of +48.58%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.INSW’s Zacks Rank: International Seaways currently carries a Zacks Rank #3.INSW’s Decent Stock Price PerformanceDriven by its cost control efforts, shares of INSW have outperformed the Zacks Transportation—Shipping industry as well as fellow industry players, Star Bulk Carriers SBLK and Seanergy Maritime Holdings SHIP, in the past 30 days.One-Month Price ComparisonImage Source: Zacks Investment Research Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Star Bulk Carriers Corp. (SBLK): Free Stock Analysis Report Seanergy Maritime Holdings Corp (SHIP): Free Stock Analysis Report International Seaways Inc. (INSW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks